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Fixed deferred annuities

Guaranteed income later

Fixed deferred annuities offer guaranteed growth at a specific interest rate, making them lower-risk and predictable – which may make them a good fit if you want a guaranteed rate of return.

How fixed deferred annuities work

When you purchase a fixed deferred annuity, you receive a guaranteed interest rate for a fixed amount of time.

When that time period is up, you’ll be offered a new interest rate for a new time period. Most fixed annuity contracts have a stated minimum interest rate, a guarantee that ensures you will never earn less than the minimum stated interest rate.

When you are ready to begin receiving income from your annuity, at retirement or age 59½, you can withdraw money from your contract or select from a range of income options that help structure an income that’s guaranteed for your lifetime, a set period of time, for joint lives, and/or to provide for beneficiaries.

Benefits to you

Guaranteed protection of your principal against investment loss

Guaranteed interest rate for a set period of time

Tax deferral, which allows you to potentially grow assets faster

Options for receiving income in retirement, including the ability to create a guaranteed stream of income that can’t be outlived

Guarantees are based on the financial strength and claims paying ability of the issuing company.

An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may apply to non-qualified distributions. There are charges and expenses associated with annuities, such as deferred sales charges for early withdrawals.

Product availability and features may vary by state.

Ready to learn more?

A financial advisor can help you choose the annuity product that is suited to helping you reach your retirement income goals.

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Financial security for the long run® – Securian

Financial security for the long run® – Securian

Insurance products are issued by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.

Property and casualty insurance products are issued by Securian Casualty Company, a New York authorized insurer.